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Pre - Market Analysis (12th October 2021)


  1. U.S Markets closed lower Yesterday.
  2. Right now , Asian Markets are flat.
  3. SGX Nifty is at 17880.
  4. We are likely to have a gap down opening today.
  5. 17800 PE added high open interest yesterday.
  6. This should be a strong support for the Markets.
  7. Dips should be bought into with a stoploss of 17800 on Nifty.
  8. Bank Nifty outperformed Yesterday and took Nifty higher.
  9. IT index fell 3% yesterday still Nifty managed to cross 18k.
  10. 17800 to 18k is the range for Nifty in short term.
  11. Expecting some recovery in the IT Sector from here.
  12. TCS results were good but the street expectations were too high.
  13. Tomorrow , Infosys is coming with the results and that's going to be an important event for the Markets.
  14. Sectoral Rotation has been happening and money is being from IT sector to Banks.
  15. That's the reason of outperformance of Banks yesterday.
  16. 18000 CE continues to have high open interest inspite of nifty crossing 18k yesterday.
  17. Nifty might Trade between 17800 to 18040 today 
  18. stockmarketadvisory.in

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